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Avenue Clothing Stores File for Bankruptcy
2/3/2012
United Retail, owner of the Avenue plus-size women's clothing stores, has filed for Chapter 11 protection. The company was approved for a $25 million loan to keep its 433 stores operating as it tries to sell itself to the highest bidder.
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Esprit Closing All 93 North American Stores
2/3/2012
Apparel retailer Esprit Holdings will shut all 93 of its North American stores as the U.S. and Canadian divisions of the Hong Kong-based company consider filing for Chapter 11 bankruptcy protection.
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AutoZone Licenses APT System
1/30/2012
After a pilot, AutoZone has signed an agreement to license the Test & Learn Management System from APT. The retailer will use the system to assist in evaluating strategic initiatives across all major functional areas.
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Home Depot Acquires Home Services Marketplace Redbeacon
1/30/2012
Home Depot has acquired RedBeacon, an online home services platform and mobile app that lets users search, browse and book local home service providers including plumbers, roofers, painters and house cleaners.
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FYE Parent Company Closes 52 More Stores
1/30/2012
Trans World Entertainment, the parent company of FYE and Suncoast, is closing an additional 52 stores after a drop in sales this past holiday season. Trans World has closed more than 550 stores since 2006.
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JCPenney CEO Outlines Pricing Transformation
1/26/2012
JCPenney revealed initiatives to change its pricing, promotions, merchandise content and presentation. At a launch event, CEO Ron Johnson and President Michael Francis detailed how the company is reimagining every aspect of the company's business.
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La Senza Shutters 81 Stores
1/23/2012
Lingerie retailer La Senza is closing 81 stores throughout Europe and Canada, citing poor "trading conditions." The company called in advisors KPMG in December to advise on the possible restructuring of the company.
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Target Boosts Analytics Capabilities
1/23/2012
Target will implement a data warehouse platform from Teradata to help the retailer better serve its customers by becoming an analytics-driven organization.
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